Operations Research, Systems Engineering and Industrial Engineering Commons^™

Using Earned Value Data To Forecast The Duration Of Department Of Defense (Dod) Space Acquisition Programs, Shedrick M. Bridgeforth

Theses and Dissertations

The accuracy of cost estimates is vital during this era of budget constraints. A key component of this accuracy is regularly updating the cost estimate at completion (EAC). A 2014 study by the Air Force Cost Analysis Agency (AFCAA) improved the accuracy of the cost estimate at completion (EAC) for space system contracts. The study found schedule duration to be a cost driver, but assumed the underlying duration estimate was accurate. This research attempts to improve the accuracy of the duration estimate from the AFCAA study; accuracy is evaluated with the Mean Absolute Percent Error (MAPE). The methods researched here …